McGlone Suttner Wealth Management Inc. Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

McGlone Suttner Wealth Management Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,432 shares of the utilities provider’s stock after selling 659 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in NextEra Energy were worth $461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Seneca House Advisors lifted its position in NextEra Energy by 11.3% during the 4th quarter. Seneca House Advisors now owns 62,629 shares of the utilities provider’s stock valued at $4,490,000 after acquiring an additional 6,380 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in shares of NextEra Energy by 1.2% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 94,985 shares of the utilities provider’s stock worth $6,809,000 after purchasing an additional 1,120 shares in the last quarter. Mutual Advisors LLC boosted its holdings in NextEra Energy by 34.1% in the fourth quarter. Mutual Advisors LLC now owns 23,803 shares of the utilities provider’s stock worth $1,699,000 after acquiring an additional 6,048 shares in the last quarter. Finally, True North Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $3,015,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.15.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 1.0 %

NEE opened at $69.16 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $142.21 billion, a PE ratio of 20.46, a PEG ratio of 2.29 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm’s 50 day simple moving average is $73.21 and its two-hundred day simple moving average is $77.17.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the business earned $0.94 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.